Align Technology, Inc.

ALGN Healthcare Medical Instruments & Supplies

Align Technology, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $4.0 billion, up 0.90% from fiscal 2024.

Revenue
+1.92%
EPS
+143.9%
Free cash flow
+8.26%

Quarter to September 2026, against a year earlier

158.87 6.03 −3.66%
Market cap
$11.3B
P/E
23.1×
Fwd P/E
20.4×
Dividend yield
—
F-score
6/9
Altman Z
4.73
Beneish M
−2.52
Dividend safety
n/a

Align Technology, Inc. 8-K filed Oct 28, 2026

Period ended Oct 26, 2026 · Filed · accepted 4:02 PM ET · Document on sec.gov · Filing index

5.02 Departure or appointment of directors or officers; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits

What it says

Align appointed Jennifer L. Davis CEO-elect and a director effective November 2, 2026, and President and CEO effective December 31, 2026, succeeding Joseph M. Hogan. Davis previously led P&G’s Health Care business. Hogan will become a strategic advisor upon retirement and is expected to leave the Board following its June 16, 2027 strategy meeting.

  • Davis will receive a $1,300,000 annualized base salary, a target annual bonus of 150% of base salary and a $2,000,000 signing bonus. She is eligible for up to $1,000,000 in relocation and temporary housing reimbursement.

    Ms. Davis will receive a $2,000,000 cash signing bonus, payable (less applicable deductions and tax withholdings) on the first pay day after the Commencement Date. — the 8-K
  • Subject to approval, Davis will receive one-time market stock units valued at $9,900,000 and restricted stock units valued at $6,600,000. She is also eligible for a 2027 equity incentive award targeted at no less than $12,000,000.

    Ms. Davis will furthermore be eligible for a 2027 long-term equity incentive award targeted at no less than $12,000,000, subject in each case to the approval of the Compensation Committee. — the 8-K
  • For qualifying termination or resignation, Davis is eligible for severance including two times salary and target bonus. Within 24 months of a change of control, qualifying severance increases to two and a half times each, with equity vesting provisions.

    two times her then-current base salary, paid in cash installment payments over 24 months — the 8-K
  • Hogan’s consulting agreement has an initial term of one year and an annual fee of $150,000. He remains eligible for a fiscal year 2026 cash incentive; outstanding equity will continue vesting while he remains a Service Provider.

    Mr. Hogan will receive an annual consulting fee of $150,000, and will remain eligible to receive an annual cash incentive under the Company’s annual cash incentive compensation plan — the 8-K

Red flags